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UNITED STATES v. LAWRENCE STERN & CO.

No. 5707.

89 F.2d 485 (1937)

UNITED STATES v. LAWRENCE STERN & CO. et al.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied May 10, 1937.

Attorney(s) appearing for the Case

Sewall Key, John MacC. Hudson, and S. E. Blackham, Sp. Assts. to Atty. Gen., and Michael L. Igoe, U. S. Atty., of Chicago, Ill., for appellant.

A. J. Pflaum, Harry N. Wyatt, D. H. Mann, and W. R. Arrington, all of Chicago, Ill., for appellees.

Before SPARKS, Circuit Judge, and LINDLEY and BRIGGLE, District Judges.

SPARKS, Circuit Judge.

This appeal presents the question stated in Founders General Corporation v. Hoey and two other cases, 300 U.S. 268, 57 S.Ct. 457, 458, 81 L.Ed. ___, decided by the Supreme Court March 1, 1937: "When, at the instance of one entitled to receive stock, the certificates therefor are, at his request and for his convenience, issued by the corporation in the name of a nominee who receives no beneficial interest therein...

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